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S/R scenario:
- LINK is ranging between $13 & $10.5
- It finds support @ $10.5 and moves up, either to break through $13 towards $15 or to test resistance for the fifth time at $13
Channel scenario:
- Link is ranging in a downward channel
- It can find support in the middle of the channel (matches with the $10.5 level) and moves up towards the top of the channel.
- Or LINK doesn't find support in the center and breaks further down in which case we could be seeing $6 LINK very soon.
What is your opinion on this pair?
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S/R scenario:
- LINK is ranging between $13 & $10.5
- It finds support @ $10.5 and moves up, either to break through $13 towards $15 or to test resistance for the fifth time at $13
Channel scenario:
- Link is ranging in a downward channel
- It can find support in the middle of the channel (matches with the $10.5 level) and moves up towards the top of the channel.
- Or LINK doesn't find support in the center and breaks further down in which case we could be seeing $6 LINK very soon.
What is your opinion on this pair?
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.